Business/Financial
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Business/FinancialPentagon Loaning $500 Million To Rare Earth Element Processing Company For Expansion
The Defense Department’s Office of Strategic Capital (OSC) on Tuesday said it has agreed to provide Phoenix Tailings a conditional $500 million loan for the processing of rare earth elements […]
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Business/FinancialGilat to Acquire Comtech’s Satellite and Space Business, Targeting US Defense Growth
Gilat Satellite Networks has moved to acquire Comtech’s [CMTL] Satellite and Space Communications segment, in a deal announced Monday to bring together two major players in the satellite ground technology segment. Gilat, […]
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UncategorizedHoneywell To Complete Aerospace Spin-Off On June 29
Honeywell’s [HON] board on Monday set June 29 as the date to complete the spin-off of the company’s $17.5 billion aerospace business, part of a planned split into several public […]
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Business/FinancialCSIS Releases Report On Rocket Motor Industrial Base Challenges And Opportunities
The industrial base for solid rocket motors (SRMs) is benefiting from a growing demand signal for the missiles and munitions they power and new acquisition reforms, but challenges remain to […]
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Business/FinancialKongsberg Completes Acquisition Of Zone 5 Technologies
Norway’s Kongsberg on Wednesday said it has completed its acquisition of California-based Zone 5 Technologies, adding a U.S.-based developer and manufacturer of low-cost missiles to its portfolio. The value of […]
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Business/FinancialHybrid-EV Truck Developer Harbinger Unveils Unmanned Platform For Military; In-Q-Tel Invests
Hybrid and electric vehicle developer and manufacturer Harbinger on Wednesday said it has stood up a defense business and introduced a new commercial-based unmanned platform for military applications. Harbinger also […]
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Business/FinancialICEYE Raises $520 Million In Late Stage Round
Finnish satellite remote sensing company ICEYE on Tuesday said it raised $520 million in a Series F round to accelerate delivery of new capabilities. The investment was led by General […]
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Business/FinancialBayou Metal To Build Modules For HII’s ROMULUS USV To Help Speed Production
HII [HII] on Monday announced Bayou Metal Supply & Manufacturing as a strategic partner for its ROMULUS 151 unmanned surface vessel (USV), creating a dedicated line to supply production modules […]
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Unmanned SystemsPalladyne AI To Make, Sell Israeli Loitering Munitions To Defense Department
Palladyne AI [PYDN] on Monday said it is in an exclusive partnership to manufacture and market several combat-proven long-range loitering munitions developed and manufactured in Israel by Israel Aerospace Industries […]
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Business/FinancialBullfrog Counter-Drone Developer Allen Control Systems Raises $200 Million
Allen Control Systems (ACS) on Friday said it has raised $200 million to scale production of its Bullfrog autonomous weapon station that can be integrated with different weapons—including the M240 […]